Trump threatens 25% tariff on Apple
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Patrick McGee’s “Apple in China” examines the company’s complex relationship with China and the lasting effects of that alliance.
In “Apple in China,” Patrick McGee argues that by training an army of manufacturers in a “ruthless authoritarian state,” the company has created an existential vulnerability for the entire world.
Chinese consumer electronics giant Xiaomi has launched a new electric SUV and debuted a self-designed smartphone chip, in a push to expand beyond its roots in budget devices.
It would take several years and cost billions of dollars to build plants in the United States to make iPhones here. If that happens, prices could skyrocket.
Lashing out at Apple’s plans to make most of its U.S. iPhones in India, President Donald Trump on Friday threatened to slap a 25% tariff on the popular device unless the tech giant starts building the product in its home country — a move that still seems unlikely to happen any time soon,
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Patrick McGee, ‘Apple in China’ author, joins 'Squawk Box' to discuss Apple's supply chain dilemma in China, moving the company's supply chain to India, and more.
That may well still happen, even though US President Donald Trump revealed that he had told Apple CEO Tim Cook not to build in India because it was "one of the highest tariff nati